One of the first questions we get asked when we are working with a tenant is how long the process will take…..The answer is usually longer than you think. We created the below infographic to show a sample of our step-by-step process, the time it takes to accomplish and decision makers involved. There is a …
We are all getting mixed messages on office space use from the media and our own colleagues. The office market is dead. It will never be the same. Work from home doesn’t work. The market will crash. We’ve already hit bottom. We hear all this and more every day. We call it The Sandstorm. What …
1-Minute Phoenix Metro Office Market Update: Q4 2020 Read More »
Today’s graph is messy at first glance. After you read my comments, simply click on the larger version to review in-depth. The colored lines show how fast different technologies have been adapted over time. Here are a few of my thoughts: –In general, we adopt technology pretty rapidly in the US. –Look for the number …
These days, it’s easier than ever to get started in investing. There are apps that let you buy and trade stocks while waiting at the gas station. Real estate, especially residential, has always been an accessible investment vehicle. But these days, even commercial real estate is being disrupted and opening up to the masses, with …
We now believe the national office market will likely have negative absorption for 2020 and, depending on how long the pandemic lasts, into 2021. Globe Street has a nice overview in the article below my comments. Here are some of my thoughts on the office sector looking forward into the next year. Why negative absorption …
We now believe the national office market will likely have negative absorption for 2020 and, depending on how long the pandemic lasts, into 2021. Globe Street has a nice overview in the article below my comments. Here are some of my thoughts on the office sector looking forward into the next year. Why negative absorption …
Back in July, I sent out a narrative on one of the coolest buildings I have ever seen being built. The REI headquarters promised to be on-brand and in keeping with their ethos. It blended outdoor and indoor space to create a building that perfectly aligned with the company mission. Well, if you want an …
The sandstorm continues. In Phoenix, we call it a haboob. Uncertainty, again, served as the main theme of the Metro Phoenix Office Market in the third quarter. Vacancy didn’t really rise that much in the past 90 days. Rental rates softened only slightly. Sublease space spiked up again this quarter. We are seeing companies who …
1-Minute Phoenix Metro Office Market Update: Q3 2020 Read More »
The Counselors of Real Estate (of which Andrew and I are proud members) have released their annual top 10 issues affecting real estate. Please read the whole article below. As you can imagine, COVID-19 is currently leading the way on issues affecting real estate. Big shocker. We have written about the pandemic a ton in previous …
Not surprisingly, the Metro Phoenix office market Q2 2020 experienced plenty of highs and lows. Office leasing slowed, but it did not stop. Sublease space increased dramatically, but it’s not at an all-time high. Positive COVID cases declined, then spiked here in Arizona, as they did in much of the country. We continue to learn …
1-Minute Phoenix Metro Office Market Update: Q2 2020 Read More »
